LOAD UP!!! STOCK IS TOO CHEAP....Hello Everyone,
It is oftenl difficult to read and understand the market.
I can now officially confirm that the market has undergone a CORRECTION, which means a drop of about 10%. That is all it is.
We will bounce much higher as we move towards the end of 2011.
Some people were claiming a double dip recession. The jobs numbers in the U.S. today confirmed a hiring of 154,000 jobs from the private sector, this at a time of confusion in the White House. These were strong numbers and show that Wall Street is out of touch with reality on MAIN STREET.
The debt ceiling negotiations with all of the end of the world scenarios has the effect of scaring people into loading up into treasaures. Most huge funds are at the 75% cash level. The U.S. negotiated a deal and so the world continues. Then came worry of double dip recession, more selling. Again jobs number today puts that to rest.
So now we have huge funds all LOADED WITH CASH, and a stock market that has undergone a correction.
The money will flow back into equities. First the big names, more secure ones, then moderate then speculative.
LFD will see some of this money coming back to it as we move into September 2011. All the company has to do is announce a spud date, the speculation will take of the rest.
I know that all of you have been hurting and your patience is severly being tested. All I can say is that you have gone through the rough part, now is not the time to become negative when things are about to turn around.
It is like the cook whom busts his bu*tt off to cook a large meal, lots of hard work, lots of investment and when the supper is almost ready he quits only to see others devour his meal.
Have confidence in SOROS and LFD management, both have made serious cash investments and, both was to see record returns for their money.
Lets respect the MUSLIM holiday for August 2011, it is only a few more weeks. Starting September 2011, the fun will begin as we anticpate spud date, then confirmation of oil and then oil production.
The best thing to do when stock is on FIRE SALE is to borrow money and load up on it before others wake up.
If you want to become a millionaire quickly buy 500,000 or 1 million shares at these cheap prices and sell in 3 to 4 months at $ 1 per share. You will become a millionaire. I hope that you will then consider sending me a TIP or bonus for this in my inbox.
JMHO